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LIC Product and Forms
LIC OF INDIA
 
General Insurance >> Plate Glass Insurance
Suitability

Any person who installs plate glass of substantial value can avail of this policy. This policy covers all kinds of accidental breakages of fixed plate glass like window glasses, show room glasses, etc.

Benefits

Replacement cost of damaged glass or sum insured whichever is lower, is paid Cost of fixing the replacement is also covered.

Premiums

Premium rate would be Approx. 1% of the total cost of the plate glass depending upon the location and vulnerability.

Requirements

A completed proposal form.

The measurements of the glasses as well as their replacement values are to be furnished.

Recommendation

As accidental breakage of plate glass is excluded in all other policies, it is recommended to avail this policy. Sometimes the labor cost of replacement may be much more than the cost of the glass itself.

 
 
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